HB5042 - 104th General Assembly (2025-2026)
PUBLIC CONSTRUCTION-SURETY
Last Action
2/26/2026 - House: To Tax Policy: Other Taxes Subcommittee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Public Construction Bond Act. Provides that the Department of Transportation and the Illinois State Toll Highway Authority shall require every contractor for public works to furnish, supply, and deliver a bond if the public works contract will cost more than $10,000,000 (currently, $500,000). Provides that local governmental units shall require a bond for public works projects costing over $5,000,000 (currently, $150,000) and may require a bond for public works projects valued at $5,000,000 or less (currently, $150,000 or less). Provides that certain bonding requirements apply until January 1, 2034 (currently, January 1, 2029).
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/04/2026 | House | Filed with the Clerk by Rep. William "Will" Davis |
| 2/10/2026 | House | First Reading |
| 2/10/2026 | House | Referred to Rules Committee |
| 2/24/2026 | House | Assigned to Revenue & Finance Committee |
| 2/26/2026 | House | To Tax Policy: Other Taxes Subcommittee |